{
  "id": 127605,
  "title": "BoG directs banks to cut bad loans to 10% by end of 2026",
  "url": "https://urgent.news/2026/08/04/bog-directs-banks-to-cut-bad-loans-to-10-by-end-of-2026",
  "topic": "world",
  "section": "World",
  "published": "2026-08-04T11:55:06.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/bog-directs-banks-to-cut-bad-loans-to-10-by-end-of-2026/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has directed financial institutions to reduce non-performing loans (NPLs) to 10% by the end of 2026. Currently, the NPL ratio stands at 16.1%, down from over 23% a year ago, but still too high. Asiama emphasized the importance of reducing bad loans to support economic growth and expand credit to the private sector. He urged banks to adopt stronger credit appraisal processes, board-approved strategies, effective loan recovery mechanisms, and the write-off of unrecoverable exposures. Asiama also highlighted the need for a predictable framework for business rescue financing, emphasizing that banks must maintain sound credit discipline while supporting businesses with recovery prospects.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}